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PTC India Financial Services today (PFS) reported an 18 per cent increase in its net profit at Rs 61.3 crore for the first quarter ended June 30, 2015. The company had registered a net profit of Rs 52.13 crore in the same period a year ago.
Total income of the company increased by about 31 per cent to Rs 226.58 crore from Rs 173.22 crore during the period under review.
“We have started the financial year on a good note with growth in revenues and profitability during the quarter. We expect this momentum to continue in the coming quarters as investments in infrastructure sector pick up pace and at the same time, we are equally focused on maintaining the asset quality of our portfolio,” PFS Managing Director & CEO Ashok Haldia said in a statement.
Total outstanding loan assets grew by at 33 per cent to Rs 6,582 crore during the reported quarter from Rs 4,956 crore compared to corresponding quarter a year ago.
Total debt sanctioned stood at Rs 11,320 crore as on June 30, 2015.
Shares of the company closed at Rs 46.1, down by 2.85 per cent on the BSE on Friday.
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